At a glance
- LEUX tracks Centrus Energy, a nuclear-fuel supplier, and WULX tracks TeraWulf, a bitcoin miner.
- Oversight on a client account holding LEUX or WULX works at the daily level, because a 2x daily fund re-levers to its target every session.
- Expense ratios were not disclosed, so the funds cannot yet be compared on cost.
Tradr listed two 2x single-stock ETFs on Oct. 23 under Investment Managers Series Trust II, according to the listing record.
LEUX tracks Centrus Energy, a nuclear-fuel supplier, and WULX tracks TeraWulf, a bitcoin miner. The funds are the Tradr 2X Long LEU Daily ETF (LEUX) and Tradr 2X Long WULF Daily ETF (WULX).
Oversight on a client account holding LEUX or WULX works at the daily level, because a 2x daily fund re-levers to its target every session. A holding longer than a day returns something other than twice the stock's move over that period; the gap depends on the order and size of the daily moves.
Expense ratios were not disclosed, so the funds cannot yet be compared on cost.
Reported by the Launches desk from SEC registration and fund listing record (ETF listing data). Published . Corrections